Businesses and Sales Predictions for 2013

This video highlights the optimism that many businesses have for the financial year ahead. In a new survey from the National Association for Business Economics, they found that respondents expect to hire more people in the next quarter than they did in the April 2012 survey. More firms also said that they expect wages to rise. Learn more about the survey and about what the National Retail Federation has found about sale predictions for the year ahead.

U.S. Expects Slow Economic Growth in 2013

According to a recent survey, the United States’ economy will continue to grow, but at a slow pace. This is due to low consumer spending and minimal business investment in the region.

Gross domestic product is expected to grow at an annual rate of 2.1% in 2013, according to a forecast from the National Association for Business Economics. Last year, it predicted a 2.2% growth rate.

Nayantara Hensel, spokesperson of the NABE Outlook Survey, said:

“The panelists forecast little improvement in consumption growth, significantly reduced growth in investments in nonresidential structures, equipment and software, and reduced growth in corporate profits and industrial production.”

Still, the labor market has revealed definite improvement; non-farm payrolls are averaging at 165.000 jobs per month next year. So far, 2012 has seen an average of 151,000 new jobs per month.

The U.S. housing market will also continue to grow next year, especially in residential construction and home prices.